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S&P 500 Breaks 6-Year Record as Inflation and AI Pressures Shake Global Markets
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CNBC Awaaz•15-10-2026, 07:33
S&P 500 Breaks 6-Year Record as Inflation and AI Pressures Shake Global Markets
- •The S&P 500 ended a 6-year streak of avoiding consecutive declines without a 1% drop, driven by mounting inflation fears and selling pressure in AI stocks.
- •US indices saw heavy losses as the Nasdaq fell 2%, and semiconductor giants like NVIDIA, AMD, and Intel recorded sharp declines.
- •CoreWeave faced heavy market anxiety regarding its debt and AI infrastructure funding, causing its bond yields to surge drastically.
- •US annual inflation came in slightly higher at 3.7%, raising the probability of a Federal Reserve interest rate hike.
- •Asian markets slumped significantly in response to global cues, though moderation in Brent crude may offer some relief to Indian markets.
Key Questions Answered
The S&P 500's 53-session streak without a 1% decline ended due to mounting inflation data and heavy selling pressure on artificial intelligence and semiconductor companies.
September's annual inflation rate came in at 3.7%, pushing the US 10-year bond yield up and raising the probability of a 25-basis-point interest rate hike at the October 28 Federal Reserve meeting from 22% to 37%.
Growing market anxiety over heavy infrastructure investments and corporate debt caused CoreWeave's bond yields to surge, while brokerages downgraded hardware companies like HPE and Dell over concerns regarding enterprise AI demand.
